Macquarie Park precinct is a future CBD

The precinct, 12 kilometres north-west of the Sydney city, has evolved from markets to a university, to a pseudo Silicon Valley, and is now to become one of the next big CBDs with office towers, a bigger shopping centre, and new apartments.

Two of the world’s biggest investors, Canada’s Public Pension Plan Investment Board and the Abu Dhabi Investment Authority, are backing
AMP Capital
’s plans for the shopping centre.

And Harry Triguboff’s Meriton and Toga are developing apartments. The Macquarie Park Corridor is a 340 hectare strip bounded by main roads, Macquarie University and parkland, but with new rail stations at its core.

The local government, Ryde City Council, expects up 50,000 sq m of new floor space will be developed in the precinct every year for the next two decades. At the same time another 6000 apartments will be built.

A 13.99 ha parcel of mostly state government land next to the North Ryde Railway Station, is being rezoned as an urban activation precinct.